TBT Short Strangle

We got some movement in Bonds, and a small rise in Volatility. The Implied volatility is above the last year average, knowing that volatility is always overstated I look every opportunity to sell some premium. This is a small trade, but I will be selling the 33/30 Strangle 49 days from expiration for $1.22 per contract with a probability of making money at expiration of 61.5%, if the price stays between 28.80 and 34.20.

Dagangan aktif:

Adjustment: We are getting close to our break even and we breached our Call Strike. We are playing defense now (Rolling the Put up), I will buy back the 30 Put and Sell the 33 Put for an additional $0.54 credit and now we have the $33 Straddle.